The SEADRIF Insurance Company and the United Nations World Food Programme (WFP) have launched an impact-based disaster risk insurance policy in Laos. In a press release by WFP, the policy provides pre-arranged financing of up to $1.1m to support communities affected by extreme weather and other natural hazards, complementing the government's existing sovereign policy, which provides financial protection for national disaster response efforts.
Philippine President Ferdinand Marcos Jr called on ASEAN bloc members to ensure regional energy security and resilience, as he opened the 48th ASEAN Summit Retreat in Cebu on 8 May.
Swiss Re has appointed Ms Anna Ziswiler as Head P&C Reinsurance for Southeast Asia, Hong Kong, India, Korea and Taiwan, effective 1 May 2026. She will become a member of the P&C Re Management Team.
QBE Re has appointed Mr Tanaka Soichiro as Head of Southeast Asia. In this newly created role, he will lead underwriting strategy for Southeast Asia, overseeing portfolio management and growth opportunities as the reinsurer continues to expand in Asia.
Thailand and the Lao People's Democratic Republic (Laos) will collaborate on developing a sustainable and accessible health insurance ecosystem, framing guidelines for the supervision of insurance for electric vehicles (EVs) and promoting electronic insurance policies (e-policies).
SEADRIF Insurance has made a payout of $2m to the ministry of finance of Lao PDR under the new parametric insurance policy that was launched on 1 May 2025.
Prudential has appointed Mr Naveen Tahilyani as regional CEO for India, the Philippines, Cambodia, Laos, Myanmar, as well as Africa, with responsibility for health, effective 29 July.
Munich Re has appointed Ms Hanh Nguyen as head of treaty P&C underwriting for Southeast Asia (SEA) and India, effective 1 March 2025. Since 2024, she has been acting as deputy head of treaty P&C underwriting for SEA and India.
The Insurance Regulator of Cambodia (IRC) and Department of State-Owned Enterprises and Insurance Supervision (SOEI) signed a Memorandum of Understanding (MoU) at the Non-Bank Financial Services Authority Building in Phnom Penh, Cambodia, according to a media release from the IRC.
The SEADRIF Insurance Company has made a payout of $750,000 following the passage of typhoon Yagi which devastated eight provinces in Lao PDR, including Vientiane, Phongsaly, Luangnamtha, Oudomxay, Bokeo, Luangprabang, Xiengkhuang and Xayabouri.